Following numerous calls for a revival of the looted VBS Mutual Bank, the SA Reserve Bank this week confirmed that it was not possible to give the licence to another individual or another entity. "The ...

October 2018. A final investigation report into large-scale fraud at VBS Mutual Bank has recommended that more than ...

Plans to revive the looted VBS Mutual Bank are ongoing, with significant efforts being made to reopen the bank as a commercial entity under a new name. Chief Livhuwani Matsila, founder of the Matsila ...

Tshifhiwa Matodzi, the former VBS chairperson and mastermind behind the looting of R2 billion of defunct VBS Mutual Bank, has been sentenced to 495 years of direct imprisonment. Matodzi, 47, was ...

Former Public Protector Thuli Madonsela during an interview on 4 October 2018 in Stellenbosch. Picture: Gallo Images / Esa Alexander Former public protector Thuli Madonsela has called for caution ...

Victims of the VBS Mutual Bank (VBS) scandal who lost their life savings say it is ironic that Economic Freedom Fighters (EFF) members are demanding the return of “stolen” land while failing to pay ...

While the parliamentary penalty slapped on Economic Freedom Fighters (EFF) MP Floyd Shivambu over nondisclosure of monies benefited from the VBS Bank, experts yesterday said it was unlikely to lead to ...

The bank's owners are accused of bribing local officials in some of South Africa's poorest and most dysfunctional municipalities - persuading them to divert, or to pretend to divert, their budgets ...

Johannes Mohlala, the former municipal manager of Fetakgomo-Tubatse local municipality, was sentenced yesterday, November 6, 2024, by the Pretoria High Court for his involvement in the VBS Mutual Bank ...

VBS Bank, which famously gave former President Jacob Zuma a R7.8-million loan to pay back the Nkandla money, has been placed under curatorship by the South African Reserve Bank (SARB). But Reserve ...

Seven additional men and one woman deemed to be instrumental to the three-year looting spree at VBS Mutual Bank were arrested on Thursday. They include ANC Limpopo leader Danny Msiza, ANC linked ...

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